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Risk Retention Reporter
Article Excerpts - May 2012
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- For comprehensive monthly coverage of the RRG/PG marketplace,
subscribe to the Risk Retention Reporter.
- If you need a back issue or a past article, please e-mail us at subscriptions@rrr.com and provide the name of the article and the month and year of the issue of the RRR.
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Large RRGs See Healthy Premium Growth in 2011
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RRG premium in 2011 was $2527.7M a drop of $8.8M from the restated 2010 premium of $2536.5M. RRG financial information has been compiled from reports made to the National Association of Insurance Commissioners and supplemented by reports received from the RRGs themselves as published in detail in the Risk Retention Group Directory & Guide, 2012.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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NRRA Challenges Statements in GAO Report
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The National Risk Retention Association (NRRA) is challenging a recently issued report by the Government Accountability Office (GAO) on the grounds that the document contains errors. Joseph Deems, the executive director of the NRRA, wrote a letter to Alicia Puente Cackely, the director of the Financial Markets and Investment Division for the GAO, highlighting NRRA’s concerns and asking the GAO to fix what the group sees as mistakes in the report.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Royce Objects to NAIC’s Changing Role in Letter
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In a February 28, 2012 letter to Kevin M. McCarty. National Association of Insurance Commissioners (NAIC) president and Florida insurance commissioner, Congressman Edward R. Royce (R-CA) expressed his concern over the NAIC’s recent initiative to brand itself as a standard-setting organization rather than as a trade association.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Traditional MedMal Insurers Moving to Form RRGs
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Five new risk retention groups have been formed in recent years by traditional medical malpractice insurers seeking flexibility and agility in the face of fast-paced changes in the healthcare marketplace. Most of these new RRGs are regional enterprises intended to operate in limited territory to help their parent organizations expand into new markets, either to grow their own businesses or to serve the needs of their current customers.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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TPA vs. In-House Management in This Month’s FORUM
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In the FORUM feature section, Sandy Elsass with Uni-Ter Underwriting Management Corp. and Jeffry Sousa with California Healthcare Insurance Co., Inc.—A RRG take sides on the question of whether Third-Party Adminstration or In-House Management is the best way to run a RRG. Elsass supports TPA management for risk retention groups, while Sousa throws his support in for In-House management.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Annual RRG Directory & Guide Published in May
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The RRR is pleased to announce the release of the 23rd annual edition of the Risk Retention Group Directory & Guide. The Directory & Guide offers key information about the risk retention industry and marketplace with a variety of information pertaining to all operating RRGs, their service providers, and state regulation.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Opportunities and Challenges for RRGs, PGs in Cyber Liability
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Cyber liability coverage presents both opportunities and challenges for RRGs and PGs looking to insure their members against this risk. For some RRGs and PGs that specialize in technology firms, offering this insurance can be a key component of their liability package, while others provide it even if their members are not at a particularly high risk of cyber crime.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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7th Annual MCIA Conference to be Held in July
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The Montana Captive Insurance Association (MCIA) will be holding its Annual Conference from July 24 to July 26, 2012 in Whitefish, Montana at The Lodge at Whitefish Lake. This is the seventh annual conference for the state captive association.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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RRG Boards’ Best Practices: Advice on Developing Member Retention
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In this quarter’s feature article, RRG Boards’ Best Practices, the RRR posed a series of questions regarding member retention to three RRG managers whose groups enjoy a very high rate of member retention. Janice Abraham, United Educators Ins. Co., A Reciprocal RRG, Michael Bemi, The National Catholic Risk Retention Group, Inc., and Brian Donovan, STICO Mutual Insurance Co. RRG all responded with informative advice for keeping members engaged and renewing.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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Risk Retention Roundup
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This month three new risk retention groups were added to the RRR listings, and no RRGs were deleted, taking the total number of RRGs up to 249. Five new purchasing groups were added to the RRR listings, and no PGs were deleted, bringing the total number of PGs up to 858.
... For full story, purchase the Risk Retention Reporter. For back issue, contact subscriptions@rrr.com.
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- For comprehensive monthly coverage of the RRG/PG marketplace,
subscribe to the Risk Retention Reporter.
- If you need a back issue or a past article, please e-mail us at subscriptions@rrr.com and provide the name of the article and the month and year of the issue of the RRR.
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